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April 25~ 1972
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<br /> 72-147 "I submit the attached agreement and recommend the proper City officials be
<br />authorized to sign. This amends the unification agreement between the Virginia Port Author:
<br />and the City of Portsmouth dated March 50,1971.
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<br /> Under the original agreement, the Port Authority is required to pay the City $1,290,001
<br />in full from net profits derived from the Portsmouth Marine Terminal. It requires that all
<br />of the net profit be paid annually up to the $1,290,000.
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<br />Y
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<br /> After payment of these funds, the Virginia Port Authority may use the net profits as
<br />they see fit at any of its terminals. Further, if the net profits do not equal the above
<br />amount within ten years, the City will have no further claim on the above amount.
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<br /> The proposed addendum to the agreement changes the above as follows. It requires the
<br />Virginia Port Authority to pay the City annually $150,000 from the net profits until the
<br />entire $1,290,000 is paid. It further provides that the balance of the net profits must
<br />be expended for capital improvements at the Portsmouth Marine Terminal. These capital expendi-
<br />tures will be subject to the approval of the City Council. There is no ten-year limitation
<br />and the Authority further agrees that after the $1,290,000 is paid that the net profits
<br />will be used on a high priority basis for future development of the terminal."
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<br /> Motion of Mr. Raymond Smith and seconded by Mr. King, the proper City officials be
<br />authorized to sign the agreement,-was adopted by the following vote:
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<br />Ayes: Holley, Johnson,King, Irvine Smith, Raymond Smith, Turner, Barnes
<br />Nays: None
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<br /> 72-148 - "I submit the attached agreement and recommend the proper City officials be
<br />authorized to sign. This leases to the Virginia Port Authority a lot at the southeast cornc
<br />of Hill and Pinners Avenues. The Virginia Port Authority will pay a rent to the City in
<br />the amount of $750 per year. The term of the lease is for five years with option to renew
<br />for another five years and for successive five-year periods up to a maximum of thirty years.!
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<br /> The Virginia Port Authority desires to build a pump house on this property. This will
<br />improve their water facilities for fire protection purposes."
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<br /> Motion of Mr. Raymond Smith and seconded by Mr. Holley, the proper City officials.be
<br />authorized to sign the agreement, was adopted by the following vote:
<br />
<br />Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes
<br />Nays: None
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<br /> 72-149- "I submit the att=cked resolution and recommend its'adoption. This authorize~
<br />the sale of land owned by the City to th~ Portsmouth Redevelopment and Housing Authority.
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<br />The propertyconsists of two lots 25 x 105 feet located on Owens Street in the Park
<br />Conservation Project. The City owns 9/11 interest in the property and the Authority
<br />pay the City $777.27. The City Assessor has approved the sale price.
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<br />View
<br />will
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<br /> Interest in the property was acquired by the City when heirs to the property deeded
<br />it to the City in lieu of payment of the delinquent taxes."
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<br /> Motion of Mr. Turner and seconded by Mr. King, the following resolution was adopted,
<br />and by the following vote:
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<br />"A RESOLUTION AUTHORIZING THE CITY MANAGER TO SELL CITY-OWNED PROPERTY TO THE
<br />PORTSMOUTH REDEVELOPMENT AND HOUSING AUTHORITY.
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<br /> WHEREAS, the City of Portsmouth desires to sell certain property acquired by the City
<br />in 1946 and 1949, which property is no longer needed hy the City; and
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<br /> WHBRBAS, the property interest comprises an undivided nir=clevenths interest in lots
<br />59 and 60 as shown on the plat of Park View Terrace Company, recorded in the Clerk's Office
<br />of the Court of Hustings for the City of Portsmouth, Virginia, in Map Book 1, at page 9;
<br />and
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<br /> WHEREAS, the said lots 59 and 60 are adjoining lots, each fronting 25 feet on Owens
<br />Street and extending back 1OS feet therefrom; and
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<br /> WHBREAS, the Portsmouth Redevelopment and Housing Authority desires to purchase this
<br />land for its own use.
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<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth, Virginia,
<br />that the City Manager be and he hereby is authorized to sell the aforementi6ned land to
<br />the Portsmouth Redevelopment and Housing Authority."
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<br />Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes
<br />Nays: None
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<br /> 72-150 "I submit ~he~achhd agreement and recommend the proper City officials be
<br />authorized to sign. This authorizes the Norfolk%=Portsmouth Harbor Tours boat to dock at
<br />the seawall at the foot of High Street. This is for the purpose of taking on and unloading
<br />passengers.
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<br /> The agreement provides that Mr. McDowell will be responsible for any damages to the
<br />seawall as well as providing insurance protecting the City.
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<br />The agreement begins May 1, 1972 and expires April 50, 1975.-
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